3014 Gray Hwy Macon GA 31211 | MLS 8328454

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3014 Gray Hwy
Macon GA 31211

10.2% CAP ON ACTUAL CURRENT NOI INCOME – 70% OCCUPANCY, TONS OF UPSIDE POTENTIAL! Great investment 10,000 SF building into 10 suites and currently 70% occupied. Just inside Jones County, but convenient to Macon on Hwy 129/Gray Hwy. 2 acres with lots of parking and frontage on Gray Hwy, priced less than estimated 40% of replacement value. Existing rents are 45% below market rent, additional lease up potential. Low maintenance construction – brick, vinyl and metal exterior with metal roof.
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Updated: Tuesday, Nov 20 2018 by Jim
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Listing courtesy of New Atlantic Realty Group Inc

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3014 Gray Hwy
Macon, GA